Independent Advisor Alliance Trims Stock Position in NVR, Inc. (NYSE:NVR)

Independent Advisor Alliance decreased its position in NVR, Inc. (NYSE:NVR) by 20.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 153 shares of the construction company’s stock after selling 39 shares during the period. Independent Advisor Alliance’s holdings in NVR were worth $1,501,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Drive Wealth Management LLC lifted its holdings in shares of NVR by 7.7% in the 2nd quarter. Drive Wealth Management LLC now owns 28 shares of the construction company’s stock worth $212,000 after buying an additional 2 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in NVR by 0.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 314 shares of the construction company’s stock worth $2,383,000 after acquiring an additional 2 shares during the period. Deseret Mutual Benefit Administrators grew its holdings in NVR by 8.7% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 25 shares of the construction company’s stock worth $190,000 after acquiring an additional 2 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after acquiring an additional 2 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in NVR by 13.3% during the 3rd quarter. GAMMA Investing LLC now owns 17 shares of the construction company’s stock valued at $167,000 after purchasing an additional 2 shares during the period. Institutional investors own 83.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on NVR. UBS Group increased their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Bank of America reduced their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, NVR presently has an average rating of “Hold” and a consensus target price of $8,783.33.

NVR Trading Down 0.6 %

NYSE NVR opened at $9,239.46 on Wednesday. The firm has a market cap of $28.31 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. NVR, Inc. has a 52 week low of $6,052.58 and a 52 week high of $9,964.77. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average price of $9,420.06 and a 200 day moving average price of $8,612.27.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the prior year, the company posted $125.26 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, sell-side analysts forecast that NVR, Inc. will post 494.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other NVR news, CAO Matthew B. Kelpy sold 400 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the transaction, the chief accounting officer now owns 208 shares in the company, valued at approximately $1,965,600. This represents a 65.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David A. Preiser sold 250 shares of NVR stock in a transaction on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the sale, the director now owns 239 shares of the company’s stock, valued at $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is currently owned by corporate insiders.

About NVR

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.